GEV vs QQQ: Correlation
GE Vernova (GEV) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEV and QQQ?
Across a 3-year window, the weekly returns of GEV and QQQ correlate at 0.42, moderate. The link has loosened recently: the 1-year correlation (0.23) runs below the 3-year figure (0.42). Stretching to 5 years gives n/a, with an annualized covariance of 395.5 %².
Among the 33 assets we track against GEV, QQQ ranks #20 by 3-year correlation. The last year tells two different stories: GEV led by 27.3 percentage points, +53.6% for GEV against +26.3% for QQQ. This link changes with the market regime, having swung between 0.11 and 0.62 on a rolling one-year basis. Note the risk asymmetry: GEV runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
GEV vs QQQ: side by side
| GEV (GE Vernova) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +53.6% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 45.8% | 19.6% |
| Beta vs S&P 500 | 1.42 | 1.28 |
| Max drawdown (3Y) | -38.3% | -22.8% |
| Market cap | $254.0B | – |
| P/E (trailing) | 27.3 | – |
| Dividend yield | 0.18% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | GEV | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | +99.0% | +20.8% |
| 2026 | +46.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEV and QQQ good diversifiers for each other?
Reasonably. At 0.42, GEV and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GEV and QQQ?
As of 2026-08-27, the correlation of weekly returns between GEV and QQQ is 0.42 over 3 years, 0.23 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for GEV?
Reasonably. At 0.42, GEV and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gev-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gev-vs-qqq/)
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Related comparisons
Hubs: GEV correlations · QQQ correlations
